"When you are a renter you do not have the other expenses that you have when you buy but you are also not benefiting from capital growth,'' she said.

"That is not to say you will all see amazing capital growth. But typically when people buy into a market in part they are being forced to save. You are putting your money in there and ideally you will get capital growth. Certainly over the long term it is highly likely you will.''

Ms Conisbee said while many renters could possibly handle the weekly mortgage repayments the biggest stumbling block was saving the deposit to get into the market.

"You need the deposit and that really is the biggest challenge to first home buyers, although many of them can pay off the loan. Getting that initial 20 per cent deposit can be a little bit tricky.''

Ms Conisbee said units featured prominently on the list of properties cheaper per week then renting.

She said this was because of the high levels of supply at the moment.

"Houses are pretty expensive, but with units you have quite a lot of options available for you so much so you can get right in the centre of the city.''